Thursday, November 26, 2009

Producer Price Inflation drops

By Khanyisa Tabata
26 November 2009


Statistics South Africa says the Producer Price Index continued to decline last month.

October's PPI fell by a more-than-expected three-point-three-percent year-on-year, from a decline of three-point-seven-percent year-on-year the previous month.

Earlier this week, data showed that consumer inflation had slowed to five-point-nine-percent.

And South Africa came out of its first recession in 17 years with the gross domestic product growing by point-nine-percent in the third quarter.

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